because i need the coin to mine the coin the its a permissioned leger?
I explained earlier. Forget trying to analyze what PoS is (a recursive, closed loop system). Instead figure out why Bitcoin actually is a decentralized currency. The answer is:
The purpose of mining is to create a permanent two way peg, decentralized exchange, which thus results in a permissionless system.Once you remove the mechanism of a permanent 2 way peg with our world and the computer world, it turns into a closed entropy system, which is the equivalent of 1's and 0's being trapped on a floppy disk and not decentralized anymore.
being fully honest, i have simply dont understand what your saying, maybe my view is too high level. to me you either prove you computing power (POW) or you prove your economic power ( POS)
i think we'd need a face to face discussion with a blackboard to understand your point. ( and i need to be equipped with a joint )
that being said i trust your one to somthing fundamental which really does make POS systems invalid in some way, the fact that i dont "get it" dosnt make much diff to me, you've convinced me... without making me understand , if that makes any sense